Skip to content
View in the app

A better way to browse. Learn more.
Security Installer Community

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Small Firms Face Fines For Poor Book-Keeping

RichL
in Members Lounge (Public)

Featured Replies

A heads-up, via my accountant:

HM Revenue and Customs (HMRC) plans to target up to 50'000 small business to ensure their book-keeping is up to scratch, with fines of up to £3'000 if any problems are uncovered.

This seems to contrast with a "light touch" approach which has been adopted towards small business in other areas, for example mistakes arising from the recent change in the standard rate of VAT.

The 2008 Finance Act gave HMRC the power to launch these investigations and it is set to begin doing so in the second half of 2011.

Originally said by Charles Babbage
On two occasions I have been asked [by members of Parliament], 'Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?' I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question.

have been reliably informed they have started and are currently (well in this area) speaking to plumbers.

Nothing is foolproof to a sufficiently talented fool.

There is a specific investigation on plumber . . and they are hoping to gather enough evidence to justify looking at ancillary trades.

Ah! mentioned on a night out last week, a friends oh works for hmrc

Nothing is foolproof to a sufficiently talented fool.

Ah! mentioned on a night out last week, a cnut who works for hmrc

she hates it, it's chaos apparently if we didn't already know.

Nothing is foolproof to a sufficiently talented fool.

c&e have been fishing & making contact with small co's for the last 6 months or more, ignore them & they will find some other mug to bother

Mr th2.jpg Veritas God

she hates it, it's chaos apparently if we didn't already know.

It's not even that good. neighbour works there, was in debt recovery. apparently 5 cases paying up, no matter how small, and management think its cause for celebration.

Exactly how small do these firms have to be?
  • Author

Exactly how small do these firms have to be?

it doesnt say in the article, I imagine HMRC will have their own definition for small business though.

Originally said by Charles Babbage
On two occasions I have been asked [by members of Parliament], 'Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?' I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question.

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

Recently Browsing 0

  • No registered users viewing this page.

Important Information

By using this site, you agree to our Terms of Use.

I accept

Account

Navigation

Search

Search

Configure browser push notifications
Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.